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Trading An Illogical Oil Market ...Middle East
Interpreting economic data, “the figures” as those of us in the interbank forex market used to call them, used to be simple. If a number relevant to the dollar beat expectations, say better than expected GDP growth, or lower than expected inflation, you bought. If it was worse than expected, you sold. Simple. Now, though, it seems that we are in a kind of post-ironic world, where everyone is so determined to prove that they are “thinking outside the box” that markets frequently move in a completely illogical way after releases.…
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